Surety Insurance for Enforcement Provision
It guarantees the payment of tax debts in liquidation processes before the Treasury.
Surety Insurance for Enforcement Provision allows taxpayers to appeal tax assessments, providing the necessary guarantee to suspend the payment of tax debts.
The surety insurance for Enforcement Provision is a modality designed to protect individuals or legal entities that must present a guarantee or collateral before the judicial administration in relation to a tax settlement appeal. When a client is denied the postponement of taxes, they can request the suspension of payment of the debt, for which a guarantee is required that can be obtained through this insurance. This insurance is presented to the Agencia Tributaria (Tax Agency) and aims to guarantee the payment of the tax debt resulting from the settlement agreement.
Highlights
Directed to Taxpayers in the Claim Process
This insurance is specifically designed for individuals or legal entities involved in a claims process for tax settlements before the Agencia Tributaria (Tax Agency), ensuring their compliance with tax obligations.
Benefits of Bank Guarantee
By opting for surety insurance, taxpayers can increase their credit capacity without this guarantee being counted in the CIRBE (Central de Información de Riesgos del Banco de España) (Central Information of Risks of the Bank of Spain), which improves their financial profile.
Optimization of Financial Resources
The hiring of this insurance does not require the pledge of advances, which allows taxpayers to maintain the availability of their financial resources for other needs.
Without Additional Commissions
This insurance is managed without study or opening fees, which reduces costs and makes it a more economical option compared to other alternatives.
Coverages
It covers the amount of the guarantee or bond that must be presented to the Agencia Tributaria (Tax Agency).
Surety Insurance for Enforcement Provision
How can we help you?
Contact your specialists for Surety Insurance for Enforcement Provision
Frequently asked questions
How do you apply for a Surety Bond for Enforcement Order?
To hire our guarantees, it is essential to present the following documentation:
Completely filled out questionnaire.
Deed of incorporation of the company.
Official annual accounts of the last two financial years and a preview of the last year. Urgent proceedings submitted.
Complaint or appeal submitted by the client.
Documentation to be provided
The necessary documentation to apply for a surety bond includes:
Completed questionnaire.
Financial statements for the last fiscal year and financial progress for the current year.
Deed of incorporation or amendment of bylaws.
Information about experience.
Judgment and judicial appeal raised.